Quebec’s Mutual Fund Industry: Assessing the Economic Footprint

Over the past decade, the funds industry in Quebec has grown much faster than has the overall economy. Two factors—a shift toward defined contribution pension plans and the aging of the baby boomers—are largely responsible. The funds industry employed more than 9,000 Quebecers in 2013 and directly pumped an estimated $861 million into the Quebec economy. Add in the indirect impacts, and those numbers more than double.

This report looks at the overall contribution of the funds industry to the Quebec economy, and it concludes that the industry—and its benefits—will continue to grow in the coming years.